You are here >1uptravel > International > Europe > Sweden



 At a Glance



  History & Culture








 Worth a Visit !!



  Maps & Cities


  Eating Out



  Travel Links

 Country Facts









  Transnational issues


  Sweden Guide
  Sweden Maps
  Sweden Hotels
  Sweden Flag
  More Sweden Flags
  Sweden Geography
  Sweden Travel Warning

Travel & Tourism . Tourist Guide to the Country

Sweden Economy

Sweden    Economy Top of Page
Economy - overview: Aided by peace and neutrality for the whole twentieth century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 2% of GDP and 2% of the jobs. In recent years, however, this extraordinarily favorable picture has been somewhat clouded by budgetary difficulties, high unemployment, and a gradual loss of competitiveness in international markets. Sweden has harmonized its economic policies with those of the EU, which it joined at the start of 1995. GDP growth is forecast for 4% in 2001.
GDP: purchasing power parity - $197 billion (2000 est.)
GDP - real growth rate: 4.3% (2000 est.)
GDP - per capita: purchasing power parity - $22,200 (2000 est.)
GDP - composition by sector: agriculture:  2.2%

industry:  27.9%

services:  69.9% (1999)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  3.7%

highest 10%:  20.1% (1992)
Inflation rate (consumer prices): 1.2% (2000 est.)
Labor force: 4.4 million (2000 est.)
Labor force - by occupation: agriculture 2%, industry 24%, services 74% (2000 est.)
Unemployment rate: 6% (2000 est.)
Budget: revenues:  $133 billion

expenditures:  $125.2 billion, including capital expenditures of $NA (2000 est.)
Industries: iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles
Industrial production growth rate: 7% (2000 est.)
Electricity - production: 146.633 billion kWh (1999)
Electricity - production by source: fossil fuel:  5.53%

hydro:  47.24%

nuclear:  45.42%

other:  1.81% (1999)
Electricity - consumption: 128.819 billion kWh (1999)
Electricity - exports: 15.9 billion kWh (1999)
Electricity - imports: 8.35 billion kWh (1999)
Agriculture - products: grains, sugar beets, potatoes; meat, milk
Exports: $95.5 billion (f.o.b., 2000)
Exports - commodities: machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals
Exports - partners: EU 55% (Germany 11%, UK 10%, Denmark 6%, Finland 5%, France 5%), US 9%, Norway 8% (1999)
Imports: $80 billion (f.o.b., 2000)
Imports - commodities: machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing
Imports - partners: EU 67% (Germany 18%, UK 10%, Denmark 7%, France 6%), Norway 8%, US 6% (1999)
Debt - external: $66.5 billion (1994)
Economic aid - donor: ODA, $1.7 billion (1997)
Currency: Swedish krona (SEK)
Currency code: SEK
Exchange rates: Swedish kronor per US dollar - 9.4669 (January 2001), 9.1622 (2000), 8.2624 (1999), 7.9499 (1998), 7.6349 (1997), 6.7060 (1996)
Fiscal year: calendar year


Countryfacts Information Courtesy: CIA Worldbook

Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks


Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions


Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders


World Time ISD Codes Travel Links Link Exchange


Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy